Such a weird bgogo token performance combined with tiny orders filling the orderbook suggest of inadequate market making. Thus, the BGG/BTC spread managed to widen from 0.15% near the price of 2020 satoshis to 12% and narrow back to 0.62% near the price of 2264 satoshis, which is 12% higher, in a matter of minutes. These facts show that the price volatility is not the result of high trading activity but of strange shifts in the spread suggesting the inadequate performance of market making algorithms. The BGG/BTC 5-minute chart demonstrates volatile price performance, including periods of steady price adjacent to wild swings of up to 20% within 5 minutes compared to unnaturally stable trade volume (see Fig. 19). Moreover, BGG/USDT price performance looks extraneous and unnatural.
The next three consecutive screenshots will show how “price volatility” appears as a result of synthetic liquidity. Most ‘utility’ tokens rely on a vague plan of how the ecosystem will grow and the tokens will suddenly have utility and value. BGOGO instead has a clear plan that delivers utility and real value. Premium Trezor hardware wallet with full color touchscreen and additional supported coins. Security-First Multi-Asset SegWit-Enabled Wallet for Bitcoin, Altcoins and Tokens.
RenQ Finance Renq aims to connect all isolated blockchains and establish a cross-chain asset exchange network,… Bgogo Token’s value is expected to continue to expand, as shortage tends to encourage price rise. Just invest in what you can accomplish before coming to any conclusions and conduct the maximum research possible. Because of the hype surrounding the exchange, it is likely that it will attract a large number of new users when it launches. Although the long-term outlook is uncertain, it could be affected by concerns about governance, and the exchange will have no way of competing with similar platforms in the future.
- Almost all transactions appeared to be way larger than their orders in the orderbook.
- Notably, trade volume performance didn’t change even when price experienced a 4.5% rise from 3,960 to 4,140 USDT.
- During the BGG Genesis Event, which will only be open to the whitelisted traders , up to 133,333,333 BGG will be ‘mined’, and an equal amount of tokens will be released from the ‘reserve fund’.
- The volume of trade on the market during the 24-hour period had climbed to USD 634 million.
This is a review of Bgogo exchange, and it contains everything you need to know. The exchange of the community, by the community, for the community. Bgogo is the first digital asset exchange with supernode listing authority, designed to list the most high quality and promising digital assets. On 19 September 2019, this exchange launched something called Bgogo Savings.
It represents a snapshot of trading activity during the period of 1,500 BTC hourly trade volume. While observing the orderbook and trade history we noticed that sizes of trades and orders don’t commensurate with each other. Almost all transactions appeared to be way larger than their orders in the orderbook. In fact, most of them could have wiped out all the bids or offers from the orderbook if they were sent as market orders, assuming fair order matching by the exchange. This crypto-asset platform serves the crypto industry with no less than 35 markets that are active and various cryptocurrency pairs.
They have put in a 4-year vesting on their tokens with no tokens for the team in the first year. The project tokens for marketing etc vest alongside the Trade Mining meaning there is no tokens to ‘dump’. You can store coins on exchanges after purchase but we recommend using a dedicated wallet for security and long term storage. They are the best choice for those storing a lot of value or planning to hold long term. ExchangeBuy/Sell withPriceVolume Maker FeeTaker FeeUpdatedWe do not have exchanges listed for this coin yet.
Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Circulating supply shows the number of coins or tokens that have been issued so far. Every 24 hours, Bgogo will use 100% of the trading commision accumulated to repurchase BGG.
A large number of traders place their bets on this market in the hope of making money. A number of traders are already reaping substantial profits from this market, and you could do the same if you are interested. The first step would be to identify a suitable exchange platform that meets your requirements as regards functionality.
And initially, that will be very close to 100%, which in effect annuls almost half of the tokens released into circulation that day and gets the circulating supply after Day 1 down to approx. BGG/ETH, the last of the six most active pairs, has the same irregularities described in the previous pairs. The trade volume of ETH/USDT performed similarly to that of BTC/USDT as it lowered significantly on February 25th to about 33,000 ETH per hour and had the same inconsistency in price performance. But unlike BTC/USDT the trading activity wasn’t switched off on February 26th but continued at the same pace. It still maintains a fairly stable level of 33k+ ETH (4.5+ million USD) per hour or 800k+ ETH (108+ million USD) daily.
Bgogo Review — Is Bgogo Scam or Legit? — TokenHell
Bgogo Review — Is Bgogo Scam or Legit?.
Posted: Wed, 28 Jul 2021 07:00:00 GMT [source]
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely.
The 5 billion ‘mineable’ BGG tokens will be released over 48 months with a declining daily release cap. During the 1st month, up to 20 million BGG, worth 300 ETH , are to be released daily, provided traders will generate sufficient amount of trading commissions. The daily cap for the 2nd month falls to 10 million BGG, and stands at 4,063,900 BGG for the 12th month, 2,490,000 BGG for the 24th month, and 973,700 BGG for the last, 48th month. There is also an hourly cap, which is simply 1/24th of the daily cap.
Every time an order is made on the exchange, you will be charged a fee by the exchange. In most cases, the trading charge is calculated as a fraction or % of the total amount of the trading order. When it comes to this exchange, there is no distinction between makers and takers.
Auf weltweiten Geldflüssen basierende Bgogo Token-Preisprognose
All users shall withdraw their assets from centralized exchange to their only wallets, and connect to Gogoswap to use and feel the revolutionary changes brought by the decentralized exchange. All users can become familiar with the trading operations of the decentralized exchange Gogoswap as soon as possible during the transition period. We will have a three-month transition period, and Bgogo will completely evolve from a centralized exchange to a decentralized exchange to capture the trend of decentralization in this industry. Bgogo will co-exist with Gogoswap for next three months to complete the transition period.
Get the latest news and best offers from the crypto community by joining our newsletter. A user’s probability of earning the 2X reward will depend on their BGG HODL Points. In addition to being allocated to liquidity providers, transaction fees of Gogoswap will be used to repurchase BGG as before.
The most significant ramification of this decision is that there is always a high demand for the cryptocurrency token. BGT is a mixed package of digital assets selected by a professional team specialized in trading operations on the secondary market. During the BGG Genesis Event, which will only be open to the whitelisted traders , up to 133,333,333 BGG will be ‘mined’, and an equal amount of tokens will be released from the ‘reserve fund’. By the end of the BGG Genesis Event, the total circulating supply will therefore be close to 767 million BGG tokens, worth up to 11,500 ETH. BGG/USDT orderbook and trade history show transactions persistently avoiding bids and offers and being priced inside the spread regardless of its width. Another of Bgogo’s active pairs is ETH/USDT, whose trade volume jumped from a few ETH to around 90k ETH per hour (see Fig. 9) simultaneously with the BTC/USDT pump on February 23rd.
We endeavour to build the world’s leading EV charging crypto payment network by investing in, deploying, and partnering with world-class EV charging solutions worldwide. C+Charge users are allocated individual electronic wallets, which are accessed through the C+Charge app. C+Charge’s payment system is powered by the C+Charge utility token that is utilized to pay for each charge. Token holders who are drivers will earn extra carbon credits through more charges. By providing an effortless charging experience and the ability to earn carbon credits for drivers, C+Charge is creating a new payment charging model that is good for the planet, good for society, and good for business. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications.
In a transaction, each party is charged the same cost, which is 0.10% of the cumulative order value. The rate of 0.10 percent is less than the average for the industry. Historically, the average for the industry is 0.25 percent, but the market presently witnessing a push towards reduced fees in the industry. Several exchangers now charge a flat rate of 0.10 percent or 0.16 percent instead, for example. BGT provides its users with access to the benefits of professional trading strategies with ease, convenience, and limited personal digital asset investment. This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here.
Bgogo Is Making a Huge Comeback, with Sights Set on Making BGG the Next 100X Token — Cointelegraph
Bgogo Is Making a Huge Comeback, with Sights Set on Making BGG the Next 100X Token.
Posted: Tue, 06 Aug 2019 07:00:00 GMT [source]
As many other exchanges, Bgogo does not accept US-investors on its platform. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate exchange accepting US-investors. The Bgogo Token price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percent change in trading volume for this asset compared to 1 hour ago.
Liquidity analysis of Bgogo exchange revealed numerous irregularities in its trading activity. First of all, over 99% of the exchange’s total volume is made in the six most active pairs three of which have BGG as a base currency. In all of them, there are periods of unnaturally stable volume inconsistent with price moves and lasting for days. The first, most active pair on Bgogo exchange is BTC/USDT, with $136mln (25.15% of the total) 24 hours volume, but there were repetitive periods of trading activity at a reduced level of hundreds of times (max $430k daily).
After 7 days, if the value of the DeFi asset being tracked has dropped by a certain percentage, the user will gain a significant percentage yield on the amount of XIV held within the tracking vault. If the price of the DeFi asset does not drop in value beyond the predetermined percentage by the end of the 7-day staking period, the user will forfeit a portion of their staked XIV. Rewards will be automatically disbursed to the user’s web3 browser wallet at the end of the 7-day staking period.
Supernodes and strategic investors will have 50% of their tokens (i.e. 500 million BGG) released upfront, with remaining tokens vesting for 5 months, with 10% unlocked after each month. The remaining 20% for ecosystem development and daily operations (i.e. the ‘reserve fund’) will be released at the same rate as the ‘mineable’ tokens. So, for every released TDM-related BGG, another BGG will presumably be released from this pool. Cybersecurity comprises technologies, processes, and controls designed to protect systems, networks, and data from cyber-attacks. Effective cybersecurity for exchanges reduces the risk of cyber-attacks and protects the exchange’s customers from money thefts. For the cybersecurity assessment, we used the CER Cyber Security Score calculation model and generated a result of 7.10 out of 10.00 (see Fig. 26).